Summary:
Investors are making unsolicited offers valuing Lovable at over $4 billion, just after a recent $200M Series A.
Lovable's CEO is not engaging with investment interest as the company is not currently fundraising.
The startup has grown rapidly, with annual recurring revenue over $100M and 10M+ projects built in under a year.
This reflects a broader trend of high investor interest in vibe-coding startups, like Anysphere's recent $900M raise.
Lovable is a Swedish unicorn that has become one of Europe's most promising tech companies in a short time.
Investors Are Clamoring for a Piece of Lovable
Investors are making unsolicited offers to invest in Swedish startup Lovable, valuing the company at over $4 billion, according to a report by the Financial Times. This surge in interest comes just weeks after Lovable announced a $200 million Series A round led by Accel, which valued the company at $1.8 billion.
Image Credits: Lovable
Lovable's CEO, Anton Osika, is not currently engaging with the inbound investment offers, as the company is not fundraising at this time. A spokesperson confirmed that Lovable is focused on its current growth trajectory.
Rapid Growth and Market Impact
Lovable has experienced astounding growth in a short period. Since its launch just nine months ago, the startup has achieved an annual recurring revenue exceeding $100 million and has facilitated the creation of over 10 million projects on its platform. This rapid ascent positions Lovable as one of Europe's hottest unicorns.
The interest in Lovable is part of a broader trend of investor enthusiasm for vibe-coding startups. For instance, Anysphere, a cursor-maker, raised $900 million in May, more than tripling its valuation to $9 billion.
This article is based on reporting from TechCrunch and the Financial Times, highlighting the dynamic and competitive landscape of AI and coding startups.
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